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Amerant Bancorp Inc. operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States. The company offers checking, savings, business, and money market accounts; cash management services; and certificates of deposit. It also provides variable and fixed rate commercial real estate loans; owner-occupied; single-family residential; commercial; and Loans to financial institutions and acceptances, and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements. In addition, the company offers trust and estate planning products and services to high net worth customers; brokerage and investment advisory services in global capital markets; retail banking; mortgage; and wealth management and fiduciary services. Further, the company provides debit and credit cards, night depositories, direct deposits, cashier's checks, safe deposit boxes, letters of credit, wire transfer, remote deposit capture, and automated clearinghouse services; derivative instruments; and online and mobile banking, account balances, statements and other documents, online transfers and bill payment, and electronic delivery of customer statements services, as well as automated teller machines ATM, and banking by mobile devices, telephone, and mail. It also operates banking centers. The company was formerly known as Mercantil Bank Holding Corporation and changed its name to Amerant Bancorp Inc. in June 2019. Amerant Bancorp Inc. was founded in 1979 and is headquartered in Coral Gables, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $419M | - | $52M | $129M | 5.6% | 37.4% | - |
| 2024 | $305M | - | $-16M | $75M | -1.8% | -7.2% | -148.5% |
| 2023 | $329M | - | $32M | $16M | 4.4% | 4.4% | -48.7% |
| 2022 | $315M | - | $63M | $-60M | 9.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 314.96 | 328.91 | 305.29 | 419.33 |
| Pretax Income | 78.58 | 41.33 | -24.08 | 66.14 |
| Tax Provision | 16.62 | 10.54 | -8.33 | 13.72 |
| Net Income | 63.31 | 32.49 | -15.75 | 52.42 |
| Net Income Common Stockholders | 63.31 | 32.49 | -15.75 | 52.42 |
| Interest Expense | 72.11 | 222.12 | 269.63 | 236.74 |
| Interest Income | 338.78 | 548.58 | 595.59 | 597.43 |
| Selling General And Administration | 141.73 | 156.92 | 163.15 | 170.64 |
| Normalized Income | 60.49 | 3.78 | -25.07 | 58.34 |
| Basic EPS | 1.87 | 0.97 | -0.44 | 1.26 |
| Diluted EPS | 1.85 | 0.96 | -0.44 | 1.26 |
| Tax Effect Of Unusual Items | 0.76 | 9.83 | 4.93 | -1.55 |
| Tax Rate For Calcs | 0.21 | 0.26 | 0.35 | 0.21 |
| Total Unusual Items | 3.58 | 38.53 | 14.25 | -7.47 |
| Total Unusual Items Excluding Goodwill | 3.58 | 38.53 | 14.25 | -7.47 |
| Net Income From Continuing Operation Net Minority Interest | 63.31 | 32.49 | -15.75 | 52.42 |
| Reconciled Depreciation | 5.88 | 6.84 | 6.60 | 6.69 |
| Net Interest Income | 266.67 | 326.46 | 325.96 | 360.69 |
| Net Income From Continuing And Discontinued Operation | 63.31 | 32.49 | -15.75 | 52.42 |
| Diluted Average Shares | 34.14 | 33.68 | 35.76 | 41.73 |
| Basic Average Shares | 33.86 | 33.51 | 35.76 | 41.58 |
| Diluted NI Availto Com Stockholders | 63.31 | 32.49 | -15.75 | 52.42 |
| Minority Interests | 1.35 | 1.70 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 61.96 | 30.79 | -15.75 | 52.42 |
| Net Income Continuous Operations | 61.96 | 30.79 | -15.75 | 52.42 |
| Special Income Charges | 3.58 | 38.53 | 14.25 | -7.47 |
| Gain On Sale Of Business | 0 | 0 | 12.64 | 0 |
| Other Special Charges | 7.10 | 1.55 | 0 | 7.48 |
| Gain On Sale Of Security | -1.02 | -8.29 | -72.43 | 6 |
| Depreciation Amortization Depletion Income Statement | 5.88 | 6.84 | 6.60 | 6.69 |
| Depreciation And Amortization In Income Statement | 5.88 | 6.84 | 6.60 | 6.69 |
| Selling And Marketing Expense | 11.62 | 12.81 | 14.49 | 15.98 |
| General And Administrative Expense | 130.11 | 144.11 | 148.66 | 154.66 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 6.60 | 10.60 | 11.57 | 11.43 |
| Salaries And Wages | 123.51 | 133.51 | 137.08 | 143.23 |
| Operating Revenue | 314.96 | 328.91 | 305.29 | 419.33 |
| Occupancy And Equipment | 27.39 | 27.84 | 27.13 | 22.65 |
| Professional Expense And Contract Services Expense | 22.14 | 34.57 | 51.09 | 61.10 |
| Other Non Interest Expense | 28.86 | 38.67 | 35.21 | 42.04 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Amerant Bancorp Inc.this co. | AMTB | $960M | 16.11↑ premium | 1.01 | 5.6% | - |
| Capitol Federal Financial, Inc. | CFFN | $997M | 14.39 | 0.93 | 6.5% | - |
| Employers Holdings, Inc. | EIG | $983M | 75.51 | 0.85 | 1.1% | - |
| loanDepot, Inc. | LDI | $978M | - | 1.46 | -16.2% | - |
| Virtus Investment Partners, Inc. | VRTS | $977M |
| 6.93 |
| 1.03 |
| 14.8% |
| 8.04 |
| Burke & Herbert Financial Services Corp. | BHRB | $957M | 8.25 | 1.12 | 13.7% | - |
| Equity Bancshares, Inc. | EQBK | $941M | 38.39 | 1.15 | 3.1% | - |
| MetroCity Bankshares, Inc. | MCBS | $916M | 11.50 | 1.69 | 12.6% | - |
| Horizon Bancorp, Inc. | HBNC | $914M | - | 1.31 | -21.9% | - |
| Peer Median | - | 12.94 | 1.14 | 4.8% | 8.04 | |